Please note that this report represents my personal opinions about Connect Group and its
management. It is not intended to be a public document, and I do not wish to affect my relationship
with the management by disclosing it to them, so please do not circulate this report or republish on
any other websites.
Background & Investment Overview
I have been a shareholder in Connect Group for four years now and it has proved rather a successful
investment, so far, mainly as a result of entering at ...